209-211 Eleanor Roosevelt Avenue, Hato Rey, San Juan. Free-standing 16,634 SF retail building fully occupied by HCOA Fitness, a leading gym chain with strong brand presence and proven growth.
The property has a new 10-year absolute NNN lease with two 5-year renewal options, offering zero landlord responsibilities and stable, long-term income. Lease includes 8% rent increases every five years, enhancing NOI and serving as a built-in inflation hedge.
Located in the heart of Hato Rey’s business district, the site benefits from excellent visibility along Eleanor Roosevelt Avenue, one of San Juan’s busiest commercial corridors. Just minutes from Plaza Las Américas and the José Miguel Agrelot Coliseum, the property is surrounded by retail, entertainment, and cultural landmarks, ensuring consistent traffic.
Key features include: 40 parking spaces, C-1 zoning, 21,527 SF land parcel, two-story layout, and a full-capacity backup generator.
This offering is an attractive option for passive investors seeking dependable cash flow and long-term value in one of San Juan’s most dynamic submarkets.
Hato Rey, San Juan, PR
Asking Price: $4,550,000 (OBO)
Year 1 Cap Rate: 13.2%
Tenant: HCOA Fitness – 14 locations, 114 employees
209-211 Eleanor Roosevelt Avenue, Hato Rey, San Juan. Free-standing 16,634 SF retail building fully occupied by HCOA Fitness, a leading gym chain with strong brand presence and proven growth.
The property has a new 10-year absolute NNN lease with two 5-year renewal options, offering zero landlord responsibilities and stable, long-term income. Lease includes 8% rent increases every five years, enhancing NOI and serving as a built-in inflation hedge.
Located in the heart of Hato Rey’s business district, the site benefits from excellent visibility along Eleanor Roosevelt Avenue, one of San Juan’s busiest commercial corridors. Just minutes from Plaza Las Américas and the José Miguel Agrelot Coliseum, the property is surrounded by retail, entertainment, and cultural landmarks, ensuring consistent traffic.
Key features include: 40 parking spaces, C-1 zoning, 21,527 SF land parcel, two-story layout, and a full-capacity backup generator.
This offering is an attractive option for passive investors seeking dependable cash flow and long-term value in one of San Juan’s most dynamic submarkets.
Hato Rey, San Juan, PR
Asking Price: $4,550,000 (OBO)
Year 1 Cap Rate: 13.2%
Tenant: HCOA Fitness – 14 locations, 114 employees
Bienes Raices San Juan - Hato Rey Puerto Rico, Hato Rey
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